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St Joseph, MO         Fri, Mar 27, 2020      USDA Market News
Estimated Daily Livestock Slaughter under Federal Inspection

                               CATTLE    CALVES      HOGS       SHEEP
Friday 03/27/2020     (est)    117,000    2,000     489,000     6,000
Week ago (est)                 109,000    2,000     490,000     7,000
Year ago (act)                 107,000    2,000     464,000     8,000
Week to date (est)             601,000   11,000   2,479,000    35,000
Same Period Last Week (est)    583,000   11,000   2,477,000    36,000
Same Period Last Year (act)    584,000    9,000   2,384,000    42,000

Saturday 03/28/2020   (est)     75,000        0     275,000     1,000
Week ago (est)                  70,000        0     313,000     1,000
Year ago (act)                  35,000        0     144,000     1,000
Week to date (est)             676,000   11,000   2,754,000    36,000
Same Period Last Week (est)    653,000   11,000   2,790,000    37,000
Same Period Last Year*(act)    619,000   10,000   2,528,000    43,000
2020 Year to Date            8,012,000  131,000  33,290,000   455,000
2019 *Year to Date           7,809,000  146,000  31,700,000   482,000
Percent change                    2.6%   -10.3%        5.0%     -5.6%
2020 *Totals subject to revision
2019 *Totals adjusted to reflect NASS revisions
Yearly totals may not add due to rounding
Previous day estimated            Steer and Heifer   Cow and Bull
                      Thursday         96,000           27,000

INDEX
                      03/26  03/25  03/24  03/23  03/20  03/19  03/18
CATFAX FED 6 STATE   119.38 119.08 113.11 111.92 109.16 108.92 108.84
CATFAX FED 3 STATE   119.57 119.57 114.28 113.07 109.76 109.49 109.49
CME FEEDER           130.44 128.50 123.44 118.23 116.15 121.38 121.75
CME LEAN HOG         *66.46  66.17  65.12  63.98  63.18  62.20  61.34
3 Area LEAN HOG       63.91  64.45  63.43  62.48  61.34  60.06  59.51
NA = Not Available
**NA = Not Available Due to Packer Submission Issues.
+ Before the CME Feeder price indicates a revision by the CME.
* = Projection. CME projected Lean Hog Index, is only an estimate that 
may vary one or two cents from actual.

NOTES: 3 AREA LEAN: 3 area lean value base cost for 51-52% lean hogs
CATFAX FED 6 STATES: Iowa, Colorado, Kansas, Nebraska, Texas, and Oklahoma
CATFAX FED 3 STATES: Kansas, Texas, and Oklahoma

PORK

Des Moines, IA        Fri, Mar 27, 2020      USDA Market News

NATIONAL DAILY PORK REPORT FOB PLANT - Negotiated Sales

03/27 AM CARCASS CUTOUT - $ 74.76   CHANGE  -2.85  TOTAL LD COUNT  170.60

03/27 PM CARCASS CUTOUT - $ 73.79   CHANGE  -3.82  TOTAL LD COUNT  294.32

CARLOT PORK -  OPEN 03/27          CARLOT PORK -  CLOSE 03/27
LOADS - CUTS  149.03 TRIM  21.57   LOADS - CUTS  257.34 TRIM  36.98
LOINS 1/4" Trim VAC      124.85    LOINS 1/4" Trim VAC      129.49
LOINS BNLS CC Strap On   173.40    LOINS BNLS CC Strap On   165.44
HAMS - Trm Sel  17-20#  No Test    HAMS - Trm Sel  17-20#  No Test
       Trm Sel  20-23#  No Test           Trm Sel  20-23#    48.85
       Trm Sel  23-27#    47.24           Trm Sel  23-27#    43.89
BELLIES  Skn-on 10-12#   175.92    BELLIES  Skn-on 10-12#   172.62
BOXED    Skn-on 12-14#  No Test    BOXED    Skn-on 12-14#   145.39

BEEF

Des Moines, IA        Fri, Mar 27, 2020      USDA Market News

NATIONAL DAILY BOXED BEEF CUTOUT AND BOXED BEEF CUTS - Negotiated Sales -
Afternoon - USDA ESTIMATED BOXED BEEF CUT-OUT VALUES - as of 1:30pm

Based on negotiated prices and volume of boxed beef cuts delivered within 0-21
days and on average industry cutting yields.  Values reflect U.S. dollars per
100 pounds.

Boxed beef cutout values steady to weak on light to moderate demand and 
moderate to heavy offerings. Select and Choice rib and chuck cuts steady to 
firm. Choice round cuts steady while Select lower. Choice loin cuts lower 
while Select firm.

BEEF CUTOUTS -  OPEN 03/27        BEEF CUTOUTS - CLOSE 03/27
CH 600-900# $252.11  -1.46        CH 600-900# $252.84  -0.73
SE 600-900# $241.61  -0.56        SE 600-900# $242.38  +0.21
LOADS     56.50 - Choice Cuts     LOADS     72.72 - Choice Cuts
           8.22 - Select Cuts               10.68 - Select Cuts
          15.37 - Trimmings                 19.30 - Trimmings
          19.37 - Coarse Grinds             21.38 - Coarse Grinds

POULTRY

03/27 - Daily Turkey Market - Frozen 2019 Grade A basted equivalent 
processor offering prices on a national basis (for current deliveries).
 8-16 lb hens $97 to $104 cents FOB
16-24 lb toms $97 to $104 cents FOB

03/26 - Weekly Poultry Slaughtered Under Federal Inspection
Young Chickens - for the Week Ending: 03/21      Week Ago     Yr Ago
                                     171,690      170,505    163,402

03/27 - Weekly National Whole Broiler/Fryer Report:  
National Composite Wtd Avg for the Week Ending: 03/27    Week Ago      Yr Ago
                                              $ 83.68     $ 87.51     $ 95.48
National Composite Wtd Avg for the Month of:  February -  $ 80.64

03/25 Weekly Egg Sets & Chicks Placed
Weekly Egg Sets for the week ending 03/21 - 238 million, up 3% from a year ago
Chick placement for the week ending 03/21 - 192 million, up 4% from a year ago

03/27 - Daily New York Eggs 
Prices are unchanged on all sizes. The undertone is steady to firm. Supplies
are mostly light for trade needs. Current demand is good. Offerings are light.
Market activity is active.

Extra Large    307-311
Large          305-309
Medium         248-252

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